IDEAS home Printed from https://ideas.repec.org/a/ysm/ypfsfc/v5y2023i1p1-24.html
   My bibliography  Save this article

A Macroprudential Perspective on the Regulatory Boundaries of US Financial Assets

Author

Abstract

This paper uses data from the Financial Accounts of the United States to map out the regulatory boundaries of assets held by US financial institutions from a macroprudential perspective. We provide a quantitative measure of the macroprudential regulatory boundary--the perimeter between the part of the financial sector that is subject to some form of macroprudential regulatory oversight and that which is not--and show how it has evolved over the past 40 years. Additionally, we measure the boundaries between different regulatory agencies and financial institutions that operate within the regulatory perimeter and illustrate how these boundaries potentially become blurred in the face of regulatory overlap. Quantifying the macroprudential regulatory boundary and the boundaries for different regulators within the perimeter is informative for assessing financial stability risks over the credit cycle.

Suggested Citation

  • Arseneau, David & Brang, Grace & Darst, Matt & Faber, Jacob & Rappoport, David & Vardoulakis, Alexandros, 2023. "A Macroprudential Perspective on the Regulatory Boundaries of US Financial Assets," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 5(1), pages 1-24, July.
    • Handle: RePEc:ysm:ypfsfc:v:5:y:2023:i:1:p:1-24
    as

    Download full text from publisher

    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1479&context=journal-of-financial-crises
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    boundary problem; financial institutions; regulation; regulatory reach;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ysm:ypfsfc:v:5:y:2023:i:1:p:1-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/smyalus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.